🔥 ENA’s Buyback Plan Has Passed Governance!
Ethena has cleared an important milestone for ENA holders.
• The ENA fee-switch proposal passed its tokenholder vote.
• The framework links protocol revenue to ENA buybacks.
• Buyback rates are designed to rise as USDe supply reaches higher milestones.
The catch: Buybacks are conditional on USDe supply thresholds and implementation. Approval does not mean purchases are already underway.
The next metric to watch: USDe supply growth.
$ENA
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#Ethena #defi
Not financial advice. DYOR.
Ethena has cleared an important milestone for ENA holders.
• The ENA fee-switch proposal passed its tokenholder vote.
• The framework links protocol revenue to ENA buybacks.
• Buyback rates are designed to rise as USDe supply reaches higher milestones.
The catch: Buybacks are conditional on USDe supply thresholds and implementation. Approval does not mean purchases are already underway.
The next metric to watch: USDe supply growth.
$ENA
.
.
.
#Ethena #defi
Not financial advice. DYOR.
